A Rational Consumer Will NEVER Purchase a Product When Its

question 30

Multiple Choice

A rational consumer will NEVER purchase a product when its

• A) marginal utility is negative.
• B) total utility is increasing at a decreasing rate.
• C) marginal utility is decreasing.
• D) total utility is decreasing at an increasing rate.

---

Definitions:

Public Goods Theory

An economic principle that describes goods that are non-excludable and non-rivalrous, meaning they can be used by anyone without preventing others from using them as well.

Voting Rights Act

A landmark piece of federal legislation in the United States that prohibits racial discrimination in voting, enacted in 1965.

Fifteenth Amendment

An amendment to the United States Constitution that prohibits the federal and state governments from denying a citizen the right to vote based on that citizen's "race, color, or previous condition of servitude."

Global Village

Marshall McLuhan’s term describing the way that new communication technologies override barriers of space and time, joining together people all over the globe.